Openness and growth: a time series, cross-country analysis for developing countries

Ann Harrison

No 809, Policy Research Working Paper Series from The World Bank

Abstract: This paper compares the association between many popular proxies for openness and the rate of GDP growth, as well as the results from cross-section and panel estimation, controlling for country effects. The results suggest that using period averages versus annual data critically affects the strength of the association between openness and growth. The paper reviews the empirical literature on openness and technological change. It discusses the dataset for this paper and the empirical specification, while also presenting the main results. The sensitivity of the results to the inclusion of both macroeconomic variables and country size are also tested. It concludes with an agenda for future research.

Keywords: Free Trade; Economic Growth; Environmental Economics&Policies; Achieving Shared Growth; Economic Theory&Research (search for similar items in EconPapers)
Date: 1991-11-30
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Citations: View citations in EconPapers (117)

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Related works:
Journal Article: Openness and growth: A time-series, cross-country analysis for developing countries (1996)
Working Paper: Openness and Growth: A Time-Series, Cross-Country Analysis for Developing Countries (1995)
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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:809

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